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Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 5pm Saturday 10am - 3pm

David Fallon

I want to be your realtor for life and appreciate my clients repeat business and referrals, which you don't get by pursuing the quick sale.

You will always get my honest opinion and I point out everything you need to be aware of.

02/03/2023

Spring is around the corner and we're seeing additional signs that the housing market is bottoming. The Fed raised rates again (+25 bps) but mortgage rates are now tantalizingly close to 6%. Affordability and demand are definitely improving.

01/31/2023

Are you thinking about selling your home? I will be with you every step of the way! Contact me to begin your journey.

01/30/2023

Where Will You Go If You Sell? You Have Options.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

>>The Benefits of Newly Built Homes

1. Build your dream home
If you build a home from the ground up, you’ll have the option to select the custom features you want, including appliances, finishes, landscaping, layout, and more.

2. Take advantage of builder concessions
A lot of home builders are working hard to sell their current inventory before they add more to their mix. That means many of them are offering concessions and are more willing to negotiate with buyers.

3. Minimize home repairs
Many builders offer a warranty, so you’ll have peace of mind on unlikely repairs. Plus, you won’t have as many little improvement projects to tackle.

4. Take advantage of energy efficiency
When...

01/29/2023

There’s been a lot in the news recently about declining home sales over the past year. But it’s important to look beyond the headlines and keep context in mind. According to data from NAR, over 4 million homes sold last year. And if you do the math, that means over 11,000 still sold each day. DM me to learn more about the activity in our local market right now.

01/28/2023

Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Homeownership wins over time. DM me so you can start your homebuying journey today.

01/27/2023

Are We in a Housing Bubble?

Despite what some headlines might suggest, experts say today’s housing market isn’t a repeat of 2008. Let’s connect to make sure you have the latest insights.

01/26/2023

Why It Makes Sense To Move Before Spring

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

>>Spring Should Bring a Wave of Buyers to the Market

In most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception.

That means right now is a sweet spot if you’re in a good position to buy, before more buyers reappear. Affordability is beginning to improve, but demand is still low — for now. Lawrence...

01/25/2023

Why You Shouldn’t Fear Today’s Foreclosure Headlines

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today.

According to data from ATTOM, foreclosure filings are up 115% from 2021, but down 34% from 2019. While the number of foreclosure filings did more than double last year, we need to remember why that happened and how it compares to more normal, pre-pandemic years in the market. Thanks to the forbearance program and other relief options for homeowners, foreclosure...

01/24/2023

The 3 Factors That Affect Home Affordability

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year.
The three measures used to establish home affordability are home prices, mortgage rates, and wages. Here’s a closer look at each one.

>>1. Mortgage Rates

Mortgage rates shot up to over 7% last year, causing many buyers to put their plans on hold. But things are looking different today as rates are starting to come down. Even a small change in rates can impact your purchasing power.

If 7% rates paused your homebuying plans last year, this could be the opportunity you need to get back in the game.

>>2. Home Prices

The second factor at play is home prices. Home prices have made headlines over the past few years...

01/23/2023

Want To Sell Your House? Price It Right.

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:

“. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.”

In a more moderate market, how you price your house will make a big difference to not only your bottom line, but to how quickly your house could sell. And the reality is, homes priced right are still selling in today’s market.

Especially today, your asking price sends a message to potential buyers.

If it’s priced too low, you may leave money on the table or discourage buyers who may see a lower-than-expected price tag and wonder if that means something is wrong with...

01/22/2023

Create Your Perfect Home by Perfecting It After You Purchase

To show buyers they can have the home they want without waiting for the perfect home to come onto the market.

01/21/2023

A Majority of Consumers Say It’s a Good Time To Sell Your House

If you’re a homeowner thinking about selling your house, you’re probably looking for the best time to make your move. That means you’re likely balancing a number of factors, like your changing needs, where you’ll go when you sell, and today’s mortgage rates in order to time it just right. According to recent data, that sweet spot could already be here. The latest Home Purchase Sentiment Index by Fannie Mae finds 76% of consumers believe now is a good time to sell. In fact, survey respondents think it’s an even better time to sell a house today than they did in 2019, which was a strong year for the housing market. The latest survey results indicate one of the strongest peaks in seller sentiment in nearly three years. One reason so many people think it’s a good time to sell is because there are still more buyers in today’s...

Address

501 Cambria Avenue Suite 114
Bensalem, PA
19020

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm
Saturday	10am - 3pm

Website

https://www.davidfallonrealtor.com/

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